La. Stat. tit. 39 § 1112
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 1-3, 6-671
No bonds issued by any subdivision shall run for a longer period than ten years from the date thereof, or bear a greater rate of interest than six per cent per annum payable annually or semi-annually, or be sold for less than par.
La. R.S. § 39:1112